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Monday, 8 December 2014

We need to be Publicising the Success of Innovative Australian Startups

We need to be doing more to publicise the success of innovative Australian companies, an interesting article on technology startups by Nick Abrahams.

"Over the past few years, the US VC community has pored over hundreds of Australian tech companies and have made more than 10 major investments, worth almost $1 billion.
Accel are the leaders of this wave, putting Australia on the map with their big plays into Atlassian, OzForex and 99designs. Their $35 million investment valued Strode’s Invoice2go at more than $100 million, rivalling Erina Fair as one of the biggest businesses north of Newcastle.
Not bad for a guy who started the company with his wife Michelle nine years ago.
Atlassian has been the poster child for how a bootstrapped tech company can grow a global customer base from Australia.
Accel found Atlassian because so many of their investees used the software that they invested in it, and a global tech superstar was born. It has been a sensational investment for Accel and its halo effect has brought many other US VCs to Australia’s shores.
There are at least six US venture funds making regular trips here, scouring our tech successes such as Campaign Monitor ($266 million from Insight Venture Partners) and our unsung heroes like SiteMinder ($30 million from Technology Crossover Ventures)."
Friday, 5 September 2014

Australia's Global Competitiveness

The World Economic Forum has recently released its Global Competitiveness Report, with Switzerland coming in at number one for the sixth year in a row.

A short article on why Switzerland performed so well attributes its success to being a global innovation powerhouse with a mutually supporting framework of "stable, transparent and effective institutions; sound and healthy public finances; an attractive tax regime; excellent infrastructure and connectivity; a world-class education system; relatively peaceful relations among social actors within a flexible labour market; the highest level of business sophistication; and, most importantly, an exceptional capacity for innovation". http://bit.ly/1nyaxvP

Switzerland's Global Competitiveness Report profile can be found at: http://bit.ly/1rOZR3a

Australia comes in at 22 out of 144. Some areas of weakness include government regulation (124), hiring and firing practices (136), wage flexibility (132), government procurement of technology (73), and exports as a % of GDP (129). Areas of strength include trustworthiness and confidence (4), quantity of education (1), soundness of banks (3), efficiency of corporate boards (8), and active mobile broadband subscribers (4). Australia's capacity for innovation ranked 27 out of 144.

Australia's Global Competitiveness Report profile can be found at:  http://bit.ly/1qABUZL
Thursday, 4 September 2014

Promoting Creativity

A nice article by Sydney Finkelstein on building your creativity and innovation, trapping ideas, placing yourself in different environments to promote creativity, and some simple steps to follow. 

"The rest of us needn’t wait for the muse to strike. We can be much more proactive. Think about the work you do, or the challenge you are facing, and ask yourself these questions: 

  • How can you do it differently?
  • What can you borrow or how can you adapt ideas from other places to your needs?
  • What could you add to make your product, or job, more valuable?
  • What can you eliminate?
  • How can you change the pattern, or re-arrange the process, to create something new?
There’s nothing sacrosanct about these questions; others are possible. Sometimes just starting with a mindset that gives you permission to “do it differently” can start the floodgates."

Saturday, 16 August 2014

Struggling for Something to Read?

Struggling for Something to Read?

You need "A timeline of management thought from 1800 to 2000" found at: http://bit.ly/1uCFOoF

An interesting list of management thinkers it covers a broad range of writings in organisation theory, strategic management, human relations, behavioural science, quantitative methods, engineering, economics, and philosophy.

Its also nicely displayed with pop ups to the specific books or article and links to Wikipedia.

Friday, 21 March 2014

An amazing innovation - Origami Microscopes

We hear a lot of talk about about how businesses and individuals need to be more innovative, but its rare to come across something that is truly innovative, that breaks out of established ways of doing things.

Manu Prakash and his team from Stanford University are working on building very cheap, robust, origami microscopes that can be used in third world countries to improve healthcare.

His Ted Talk can be found at: http://bit.ly/1ikTRHs

Its worth a look.